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For Immediate Release - SAP AG - 4-26-2012

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                                                                                                           For Immediate Release
                                                                                                                  April 25, 2012 

SAP Announces 2012 First Quarter Results
  
      •      9 th Consecutive   Quarter of Double-Digit Growth in Non-IFRS Software and Software-Related Service Revenue
  

      •      First
                Quarter 2012 Non-IFRS Software and Software-Related Service Revenue Increased 12% to €2.63 Billion (10% at
  
            Constant Currencies)
  
      •      First   Quarter 2012 Software Revenue Increased 4% to €637 Million (1% at Constant Currencies)
  
      •      First   Quarter 2012 Non-IFRS Operating Profit Increased 7% to €834 Million (3% at Constant Currencies)
  
      •      First   Quarter 2012 Non-IFRS Earnings Per Share Increased 11% to €0.49
  
      •      Free    Cash Flow Up 35% to €2 Billion
  

      •      Strong
                  Growth for Key Innovations: SAP HANA and Mobile €49 Million, Accelerating Momentum in Cloud Business
  
            With 69% Growth From New Business in Billings for SuccessFactors Stand-Alone

WALLDORF, Germany – April 25, 2012  – SAP AG (NYSE: SAP) today announced its financial results for the first quarter
ended March 31, 2012. 

“We reported our ninth consecutive quarter of double-digit growth in non-IFRS software and software-related service revenue,
with a strong contribution from SuccessFactors to our cloud business,” said Werner Brandt, CFO of SAP. “Free cash flow was
very strong in the first quarter, increasing by 35% to €2 billion. This enabled us to return to positive net liquidity faster than
expected.” 

“We see strong momentum for our flagship in-memory platform SAP HANA, our cloud and mobile solutions, and our core
applications and analytics products,” said Bill McDermott and Jim Hagemann Snabe, Co-CEOs, SAP. “Customers are embracing
our high speed of innovation and the ability to orchestrate solutions across our entire portfolio. SAP continues to help
companies run like never before – helping to solve fundamental business challenges with unmatched industry expertise. We’re
confident that we’ll deliver on our business outlook for Q2 and the full year.” 
SAP Reports First Quarter 2012 Results                                                                                                                                                                                                                                                                                 Page 2
  
FINANCIAL RESULTS IN DETAIL
FINANCIAL HIGHLIGHTS – First Quarter 2012
  
                                                                                                                                                                      First Quarter 2012 1)                                                                                                                                   
                                                                                                                                                                               Non-
                                                                 IFRS                                                                                                         IFRS 2)                                                                  
                                                                                                                                                    % change 
                                                                                              %                                        %           const. curr.
€ million, unless otherwise stated                               Q1 2012      Q1 2011       change        Q1 2012       Q1 2011      change            3)        

Software                                                              637        615               4        637        615              4          1  
Support                                                             1,953        1,708            14        1,954        1,725         13         11  
Cloud subscriptions and support                                        29             4        625             35            4        775        725  
Software and software-related service revenue                     
                                                                  
                                                                    2,619        2,327       
                                                                                               
                                                                                                  13        2,626        2,344       
                                                                                                                                       
                                                                                                                                       12       
                                                                                                                                               
                                                                                                                                                  10  
                                                                                                                                                                                                                                                                                                                                 




Total revenue                                                   
                                                              
                                                                   3,350        3,024       
                                                                                               
                                                                                                  11        3,357        3,041       
                                                                                                                                       
                                                                                                                                       10       
                                                                                                                                                   
                                                                                                                                                   8                                                                                                                                                                             




Total operating expenses                                           -2,719        -2,427       
                                                                                               
                                                                                                  12       -2,523       -2,262       
                                                                                                                                       
                                                                                                                                       12       
                                                                                                                                               
                                                                                                                                                  10  
                                                                                                                                                                                                                                                                                                                                 




       - thereof TomorrowNow litigation                                 7            -2        <-100            0            0          0     
Operating profit                                                   631        597                  6        834        779              7          3  
Operating margin (%)                                               18.8        19.7       -0.9pp        24.8        25.6       -0.8pp        -1.1pp  
Profit after tax                                                   444        403                 10        583        528             10     
Basic earnings per share (€)                                       0.37        0.34                9        0.49        0.44           11     
Number of employees (FTE)                                         59,420       53,872             10        N/A         N/A         N/A         N/A   
  
1)    All figures are preliminary and unaudited.
2)    Adjustments in the revenue line items are for the revenue that would have been recognized had acquired entities remained
      stand-alone entities but that SAP is not permitted to recognize as revenue under IFRS as a result of business combination
      accounting rules. Adjustments in the operating expense line items are for acquisition-related charges, share-based
      compensation expenses, restructuring and discontinued activities.
3)    Constant currency revenue and operating profit figures are calculated by translating revenue and operating income of the
      current period using the average exchange rates from the previous year’s respective period instead of the current period.
      Constant currency period-over-period changes are calculated by comparing the current year’s non-IFRS constant currency
      numbers with the non-IFRS number of the previous year’s respective period.

Revenue – First Quarter 2012
  

•       IFRS   software revenue was €637 million (2011: €615 million), an increase of 4% (1% at constant currencies).
  

•       IFRSsoftware and software-related service revenue was €2.62 billion (2011: €2.33 billion), an increase of 13%. Non-IFRS
      software and software-related service revenue was €2.63 billion (2011: €2.34 billion), an increase of 12% (10% at constant
      currencies).
  

•       IFRStotal revenue was €3.35 billion (2011: €3.02 billion), an increase of 11%. Non-IFRS total revenue was €3.36 billion
      (2011: €3.04 billion), an increase of 10% (8% at constant currencies).

First quarter 2012 non-IFRS software and software-related service revenue and total revenue exclude a deferred revenue
write-down from acquisitions of €7 million (2011: €17 million).

Profit – First Quarter 2012
  

•       IFRSoperating profit was €631 million (2011: €597 million), an increase of 6%. Non-IFRS operating profit was €834 million 
      (2011: €779 million), an increase of 7% (3% at constant currencies).
  

•       IFRSoperating margin was 18.8% (2011: 19.7%), a decrease of 0.9 percentage points. Non-IFRS operating margin was
      24.8% (2011: 25.6%), or 24.5% at constant currencies, a decrease of 0.8 percentage points (a decrease of 1.1 percentage
      points at constant currencies).
SAP Reports First Quarter 2012 Results                                                                                     Page 3
  
•       IFRSprofit after tax was €444 million (2011: €403 million), an increase of 10%. Non-IFRS profit after tax was €583 million 
      (2011: €528 million), an increase of 10%. IFRS basic earnings per share was €0.37 (2011: €0.34), an increase of 9%. Non-IFRS
      basic earnings per share was €0.49 (2011: €0.44), an increase of 11%.
  

•       The
          IFRS and non-IFRS effective tax rates in the first quarter of 2012 were 26.9% (2011: 30.9%) and 28.1% (2011: 31.0%),
      respectively.

First quarter 2012 non-IFRS software and software-related service revenue and non-IFRS operating profit excludes a
deferred revenue write-down from acquisitions of €7 million (2011: €17 million). Non-IFRS operating profit additionally
excludes acquisition-related charges of €120 million, profit from discontinued activities of €7 million, share-based
compensation expenses of €83 million and restructuring expenses of €0 million (2011: €112 million, expenses of €2 million, 
€52 million and €0 million).First quarter 2012 non-IFRS profit after tax and non-IFRS basic earnings per share exclude a
deferred revenue write-down from acquisitions of €5 million, acquisition-related charges of €79 million, profit from 
discontinued activities of €4 million, share-based compensation expenses of €59 million and restructuring expenses of €0
million (2011: €11 million, €76 million, expenses of €1 million, €37 million and €0 million) net of tax.

Cash Flow – First Quarter 2012
Operating cash flow was €2.07 billion (2011: €1.59 billion), an increase of 30%. Free cash flow was €1.96 billion (2011: €1.45
billion), an increase of 35%. Free cash flow was 58% of total revenue (2011: 48%). At March 31, 2012, SAP had a total group 
liquidity of €5.18 billion (December 31, 2011: €5.60 billion), which includes cash and cash equivalents and short term
investments. Net liquidity at March 31, 2012 was €845 million compared to €1.64 billion at December 31, 2011. This decrease in 
net liquidity was mainly due to the acquisition of SuccessFactors and was partially offset by increased operating cash flow in
the first quarter 2012.

SuccessFactors
On February 16, 2012, The Company announced the successful closing of its cash tender offer for all issued and outstanding 
shares of common stock of SuccessFactors, Inc.

On a stand-alone basis, SuccessFactors achieved a 69% increase in its 12 month billings from new business in the first quarter
(compared to their first quarter 2011). SAP’s strong combination with SuccessFactors is allowing the Company to accelerate its
strategy to become the leading cloud provider. SuccessFactors’ solutions are highly complementary to SAP’s core HCM
offerings as well as SAP’s strong cloud assets: SAP Business ByDesign for the suite cloud market and SAP’s line of business
cloud offerings for large enterprises such as SAP Sales on Demand.
SAP Reports First Quarter 2012 Results                                                                                      Page 4
  
Business Outlook
SAP reiterates the following outlook for the full-year 2012:
  

•       The
          Company expects full-year 2012 non-IFRS software and software-related service revenue to increase in a range of 10%
      – 12% at constant currencies (2011: €11.35 billion). This includes a contribution of up to 2 percentage points from
      SuccessFactors’ business.
  

•       TheCompany expects full-year 2012 non-IFRS operating profit to be in a range of €5.05 billion – €5.25 billion at constant
      currencies (2011: €4.71 billion). Full-year 2012 non-IFRS operating profit excluding SuccessFactors is expected to be in a
      similar range.
  

•       TheCompany projects a full-year 2012 IFRS effective tax rate of 26.5% – 27.5% (2011: 27.9%) and a non-IFRS effective tax
      rate of 27.0% – 28.0% (2011: 26.6%).

In addition to the full-year outlook, SAP is providing the following outlook for the second quarter 2012:
  

•       The
          Company expects second quarter 2012 software revenue to increase in a range of 15% – 20% at constant currencies
      (2011: €838 million).
  

•       TheCompany expects second quarter 2012 non-IFRS software and software-related service revenue to increase in a range
      of 14% – 16% at constant currencies (2011: €2.59 billion).

Major Customer Wins
In the first quarter of 2012, SAP closed the following major contracts.

EMEA
EADS N.V., GlaxoSmithKline Biologicals SA, Kenya Ports Authority, Prada S.p.A., RAK Ceramics, RAYNET SNC

Americas
BJ’s Wholesale Club, Boston Scientific Corporation, Grupo Pão de Açúcar, Nutrisystem, Inc., Petroleos del Peru S.A. 

Asia Pacific Japan
Australia and New Zealand Banking Group Limited, China Shenhua Energy Co., Ltd., Hyosung Corporation, Syarikat Prasarana
Negara Berhad

HANA
Banco Compartamos, S.A., Integrated Utility Holding, Joeone Company Limited, United Breweries Ltd.

Cloud
CEVA Logistics, LRS Lufthansa Revenue Services GmbH, Optimal, Rio Tinto, Sobeys, Stulz Air Technology Inc.

Additional Information
First quarter 2012 revenue, profit and cash flow figures include the revenue, profits and cash flows from SuccessFactors
starting on February 21, 2012. For the prior-year period those numbers were not included.

 TomorrowNow litigation update: Late last year Oracle filed a motion seeking an early appeal from the ruling vacating the
jury ’s damages award. The early appeal was denied by the judge on January 6, 2012, 
SAP Reports First Quarter 2012 Results                                                                                  Page 5
  
and Oracle had the choice to accept the reduced damages of $272 million or seek a new trial to determine damages. Oracle
elected to proceed with a new trial. The new trial date is currently scheduled for June 18, 2012. 

In light of SAP’s strong focus on the cloud market, SAP realigned its income statement to provide additional transparency on
cloud-related revenue streams. On February 17, 2012, SAP published a Webmessage discussing this change. For more details 
see More Transparency On Cloud Revenue: SAP Realigns Its Income Statement (Webmessage) online.

Additionally, SAP has provided estimates of the projected differences between its 2012 non-IFRS measures and the
comparable IFRS measures, and widened the range of revenues for which acquisition-related deferred revenue write-downs
are adjusted in determining SAP’s non-IFRS revenue and profit numbers. On March 23, 2012, SAP published a Webmessage 
discussing this change. For more details see SAP’s Non-IFRS financial measures: 2012 estimates of the differences between
IFRS and Non-IFRS (Webmessage) online.

For a more detailed description of all of SAP’s non-IFRS adjustments and their limitations as well as our constant currency
and free cash flow figures see Explanation of Non-IFRS Measures online.

                                                              ##

First Quarter 2012 Interim Report
SAP’s first quarter 2012 Interim Report was published today and is available for download at www.sap.com/investor . The
interim report includes an update on SAP’s sustainability performance.

Webcast
SAP senior management will host a conference call for financial analysts and media on Wednesday, April 25th at 2:00 PM 
(CEST) / 1:00 PM (GMT) / 8:00 AM (EDT) / 5:00 AM (PDT). The conference call will be web cast live on the Company’s website
at www.sap.com/investor and will be available for replay.

2011 Annual Report
SAP’s 2011 Annual Report was published on March 23, 2012, and is available for download at www.sap.com/investor .

About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better.
From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations
to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications
and services enable more than 190,000 customers (includes customers from the acquisition of SuccessFactors) to operate
profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com .

                                                             ###
SAP Reports First Quarter 2012 Results                                                                                     Page 6
  
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S.
Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” 
“intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to
identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking
statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ
materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s
filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F
filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as
of their dates.

© 2012 SAP AG. All rights reserved.
SAP, R/3, SAP NetWeaver, Duet, PartnerEdge, ByDesign, SAP BusinessObjects Explorer, StreamWork, SAP HANA, and other
SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP
AG in Germany and other countries.

Business Objects and the Business Objects logo, BusinessObjects, Crystal Reports, Crystal Decisions, Web Intelligence,
Xcelsius, and other Business Objects products and services mentioned herein as well as their respective logos are trademarks
or registered trademarks of Business Objects Software Ltd. Business Objects is an SAP company.Sybase and Adaptive Server,
iAnywhere, Sybase 365, SQL Anywhere, and other Sybase products and services mentioned herein as well as their respective
logos are trademarks or registered trademarks of Sybase, Inc. Sybase is an SAP company.

Crossgate, m@gic EDDY, B2B 360°, and B2B 360° Services are registered trademarks of Crossgate AG in Germany and other 
countries. Crossgate is an SAP company.

SuccessFactors, Execution is the Difference, BizX Mobile Touchbase, It’s time to love work again, Jam and BadAss SaaS are
trademarks or registered trademarks of SuccessFactors Inc. in the United States and other countries. SuccessFactors is an SAP
company.

All other product and service names mentioned are the trademarks of their respective companies. Data contained in this
document serves informational purposes only. National product specifications may vary.

These materials are subject to change without notice. These materials are provided by SAP AG and its affiliated companies
(“SAP Group”) for informational purposes only, without representation or warranty of any kind, and SAP Group shall not be
liable for errors or omissions with respect to the materials. The only warranties for SAP Group products and services are those
that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should
be construed as constituting an additional warranty.

Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On
this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit
www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via e-mail links and subscribe to
RSS feeds from SAP TV.

For customers interested in learning more about SAP products:
  
Global Customer Center:          +49 180 534-34-24
United States Only:              1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:
  
Christoph Liedtke             +49 (6227) 7-50383      christoph.liedtke@sap.com, CET
Daniel Reinhardt              +49 (6227) 7-40201      daniel.reinhardt@sap.com, CET
Hubertus Kuelps               +49 (6227) 7-40011      hubertus.kuelps@sap.com, CET
Jim Dever                     +1 (610) 661-2161       james.dever@sap.com, ET
Lynn Ong                      +65 6768 6439           lynn.ong@sap.com, SGT (GMT +8)


For more information, financial community only:
  
Stefan Gruber                 +49 (6227) 7-44872      investor@sap.com,   CET

Follow SAP Investor Relations on Twitter at @sapinvestor.

                                              Appendix – Financial Information to Follow
  




                                           FINANCIAL INFORMATION
                                          FOR THE FIRST QUARTER 2012
                                            (Condensed and Unaudited)
  
                                                                            Page

Financial Statements (IFRS)                                                
     Income Statements                                                        F1
     Statements of Financial Position                                         F2-F3
     Statements of Cash Flows                                                 F4
Supplementary Financial Information                                        
     Reconciliations from Non-IFRS Numbers to IFRS Numbers                    F5-F6
     Revenue by Region                                                        F7
Financial Statements (IFRS)
CONSOLIDATED INCOME STATEMENT
For the three months ended March 31 
(Unaudited)
  
                                                                                                                            Change
€ millions, unless otherwise stated                                                                    2012      2011      in %   
      Software                                                                                          637      615             4  
      Support                                                                                           1,953      1,708        14  
      Cloud subscriptions and support                                                                      29          4      625  
      Software and software-related service revenue                                                     2,619      2,327        13  
      Consulting                                                                                        597      570             5  
      Other services                                                                                    134      127             6  
      Professional services and other service revenue                                                   731      697     
                                                                                                                             
                                                                                                                                 5                                                                                       




Total revenue                                                                                                                   3,350      3,024                                                                  11  
      Cost of software and software-related services                                                     -538      -495          9  
      Cost of professional services and other services                                                 
                                                                                                         
                                                                                                         -624      -577     
                                                                                                                             
                                                                                                                                 8                                                                                       




      Total cost of revenue                                                                            -1,162     -1,072     
                                                                                                                             
                                                                                                                                 8                                                                                       




      Gross profit                                                                                      2,188      1,952        12  
      Research and development                                                                          -523      -498           5  
      Sales and marketing                                                                               -831      -677          23  
      General and administration                                                                        -209      -177          18  
      Restructuring                                                                                         0          0         0  
      TomorrowNow litigation                                                                                7         -2     <-100  
      Other operating income/expense, net                                                              
                                                                                                         
                                                                                                           -1     
                                                                                                                     
                                                                                                                      -1     
                                                                                                                             
                                                                                                                                 0                                                                                       




Total operating expenses                                                                               -2,719     -2,427     
                                                                                                                             
                                                                                                                                12                                                                                       




Operating profit                                                                                        631      597     
                                                                                                                             
                                                                                                                                 6                                                                                       




Other non-operating income/expense, net                                                                  -8        0      N/A   
       Finance income                                                                                    24      29      -17  
             Finance Cost TomorrowNow litigation                                                         -1        0      N/A   
             Other finance costs                                                                        -39      -43        -9  
       Finance costs                                                                                   
                                                                                                     
                                                                                                        -40      -43     
                                                                                                                         
                                                                                                                            -7  
                                                                                                                                                                                                                         




Financial income, net                                                                                   -16      -14     
                                                                                                                         
                                                                                                                            14  
                                                                                                                                                                                                                         




Profit before tax                                                                                       607      583     
                                                                                                                             
                                                                                                                             4                                                                                           




              Income tax TomorrowNow litigation                                                                                    -2                                        0      N/A   
              Other income tax expense                                                                                           -161                                     -180      -11  
       Income tax expense                                                                              
                                                                                                                             
                                                                                                                                 -163     
                                                                                                                                                                       
                                                                                                                                                                          -180     
                                                                                                                                                                                   
                                                                                                                                                                                      -9  
                                                                                                                                                                                                                         




Profit after tax                                                                                       
                                                                                                                             
                                                                                                                                  444     
                                                                                                                                                                       
                                                                                                                                                                           403      10  
                                                                                                                                                                                                                         




       Profit attributable to non-controlling interests                                                                             0                                        0         0  
       Profit attributable to owners of parent                                                         
                                                                                                                             
                                                                                                                                  444     
                                                                                                                                                                       
                                                                                                                                                                           403      10  
                                                                                                                                                                                                                         




Basic earnings per share, in €*                                                                        
                                                                                                     
                                                                                                        0.37      0.34     
                                                                                                                                                                                                               
                                                                                                                                                                                                                   9  
                                                                                                                                                                                                                         




Diluted earnings per share, in €*                                                                       0.37      0.34                                                                                             9  
  
* for the three months ended March 31, 2012 and 2011 the weighted average number of shares were 1,190 million (diluted: 
  1,191million) and 1,188 million (diluted: 1,189 million), respectively (treasury stock excluded). 
  
                                                             F1
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
As at March 31, 2012 and December 31, 2011 
(Unaudited)
  
€ millions                                           2012      2011   
             Cash and cash equivalents                  4,548      4,965  
             Other financial assets                       753      817  
             Trade and other receivables                3,442      3,493  
             Other non-financial assets                   275      187  
             Tax assets                                   175      207  
       Total current assets                             9,193      9,669  
            Goodwill                                 10,765      8,711  
            Intangible assets                         2,679      2,024  
            Property, plant, and equipment            1,576      1,551  
            Other financial assets                    649      538  
            Trade and other receivables                  88         84  
            Other non-financial assets                   51         39  
            Tax assets                                152      146  
            Deferred tax assets                       480      465  
      Total non-current assets                       16,440     13,558  
Total assets                                         25,633     23,227  
  
                                             F2
€ millions                                                            2012      2011   
                   Trade and other payables                            856      937  
                   Tax liabilities                                     338      409  
                   Financial liabilities                               1,675      1,331  
                   Other non-financial liabilities                     1,276      1,981  
                         Provision TomorrowNow litigation              218      231  
                         Other provisions                              390      331  
                   Provisions                                          608      562  
                   Deferred income                                     3,389      1,046  
                                                                                                                                             




             Total current liabilities                                                         8,142      6,266  
                     Trade and other payables                             40         43  
                     Tax liabilities                                     432      408  
                     Financial liabilities                             2,893      2,925  
                     Other non-financial liabilities                      99         92  
                     Provisions                                          369      268  
                     Deferred tax liabilities                            573      474  
                     Deferred income                                  
                                                                        
                                                                          38     
                                                                                    
                                                                                     44  
                                                                                                                                             




              Total non-current liabilities                            4,444      4,254  
       Total liabilities                                              12,586     10,520  

                         Issued capital                                1,228      1,228  
                         Share premium                                 437      419  
                         Retained earnings                            12,912     12,466  
                         Other components of equity                    -155           -37  
                         Treasury shares                               -1,384      -1,377  
                    Equity attributable to owners of parent           13,038     12,699  

                   Non-controlling interests                               9          8  
      Total equity                                                    13,047     12,707  
Equity and liabilities                                                25,633     23,227  
  
                                                              F3
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the three months ended March 31 
(Unaudited)
  
€ millions                                                                                                    2012      2011   
Profit after tax                                                                                                444      403  
Adjustments to reconcile profit after taxes to net cash provided by operating activities:                                
       Depreciation and amortization                                                                            192      178  
       Income tax expense                                                                                       163      180  
       Financial income, net                                                                                       16      14  
       Decrease/increase in sales and bad debt allowances on trade receivables                                     28      21  
       Other adjustments for non-cash items                                                                     -30      -10  
       Decrease/increase in trade receivables                                                                      36      -233  
       Decrease/increase in other assets                                                                        -89      -105  
       Decrease/increase in trade payables, provisions and other liabilities                                    -688      -593  
       Decrease/increase in deferred income                                                                     2,277     1,944  
Cash outflows due to TomorrowNow litigation                                                                         0      -2  
Interest paid                                                                                                   -28      -21  
Interest received                                                                                                  26      20  
Income taxes paid, net of refunds                                                                               -276      -204  
                                                                                                                                                                                          




Net cash flows from operating activities                                                                                               2,071     1,592  
Purchase of intangible assets and property, plant and equipment and business combinations *)                   -2,728      -141  
Proceeds from sales of intangible assets or property, plant, and equipment                                         13        10  
Purchase of equity or debt instruments of other entities                                                        -478        -79  
Proceeds from sales of equity or debt instruments of other entities                                             430     
                                                                                                                            
                                                                                                                            103  
                                                                                                                                                                                          




Net cash flows from investing activities                                                                       -2,763      -107  

Purchase of non-controlling interests                                                                              0                                                              -21  
Purchase of treasury shares                                                                                      -53                                                             -158  
Proceeds from reissuance of treasury shares                                                                       48                                                              141  
Proceeds from issuing shares (share-based compensation)                                                           10                                                               29  
Proceeds from borrowings                                                                                       1,000                                                                2  
Repayments of borrowings                                                                                       
                                                                                                                
                                                                                                                -600     
                                                                                                                                                                              
                                                                                                                                                                                 -504  
                                                                                                                                                                                          




Net cash flows from financing activities                                                                        405                                                              -511  
Effect of foreign exchange rates on cash and cash equivalents                                                                           -130      -15  
Net decrease/increase in cash and cash equivalents                                                                                      -417      959  
Cash and cash equivalents at the beginning of the period                                                                               4,965     3,518  
Cash and cash equivalents at the end of the period                                                                                     4,548     4,477  
  
*)    In 2012 thereof: €2,615 million business combinations, net of cash and cash equivalents acquired. 
  
                                                                F4
Supplementary Financial Information
RECONCILIATIONS FROM NON-IFRS NUMBERS TO IFRS NUMBERS
(Unaudited)
The following table presents a reconciliation from our non-IFRS numbers (including our non-IFRS at constant currency
numbers) to the respective most comparable IFRS numbers. Note: Our non-IFRS numbers are not prepared under a
comprehensive set of accounting rules or principles.
  
                                                                                    for the three months ended March 31                                              
€ millions, unless otherwise stated                                                                           2011                                2012
                                                                                                                                           Change in %               
                                                                                     Non-IFRS                                                           Non-IFRS
                                                               Non-     Currency      constant                           Non-                 Non-        constant
Revenue Numbers                          IFRS      Adj.*      IFRS*     impact**     currency**      IFRS     Adj.*     IFRS*      IFRS      IFRS*      currency**  
           Software                       637      0      637       -14                    623      615      0      615                4           4             1  
           Support                        1,953      1      1,954       -43      1,911      1,708      17      1,725                  14         13             11  
           Cloud subscriptions
              and support                                            29                                     6                                      35                                      -2                                      33                                          4                                    0                                     4                                    625                                     775                                     725  
           Software and
              software-related
              service revenue                                     2,619                                     7      2,626                                                                  -59      2,567      2,327      17      2,344                                                                                                                                                          13                                      12                                      10  
           Consulting                                               597                                     0      597                                                                    -14        583      570      0      570                                                                                                                                                                5                                       5                                       2  
           Other services                                           134                                     0      134                                                                     -2        132      127      0      127                                                                                                                                                                6                                       6                                       4  
           Professional
              services and
              other service
              revenue                    
                                           
                                            731     
                                                                                                         
                                                                                                            0      731      
                                                                                                                                                                                       
                                                                                                                                                                                          -16     
                                                                                                                                                                                                   
                                                                                                                                                                                                     715      697      0      697     
                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                 5     
                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                         5     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 3  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       




Total revenue                             3,350                                                             7      3,357                                                                  -75      3,282      3,024      17      3,041                                                                                                                                                          11                                      10                                       8  
Operating Expense Numbers                                                                                                                                                                                                                                                                                                                                                                                                                                                           
            Cost of software and
               software-related
               services              -538      71      -467                                                                                                                                                                                                                -495      77      -418                                                                                                9                                      12    
            Cost of professional
               services and
               other services        -624      30      -594    
                                                                                                                                                                       
                                                                                                                                                                                                        
                                                                                                                                                                                                               
                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                                           -577      13      -564     
                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                 8     
                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                         5    
                                                                                                                                                                                                                                                                                                                                                                                                                                                            




            Total cost of
               revenue              -1,162      101     -1,061    
                                                                                                                                                                       
                                                                                                                                                                                                        
                                                                                                                                                                                                               
                                                                                                                                                                                                                                                 -1,072     
                                                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                      90      -982     
                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                 8     
                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                         8    
                                                                                                                                                                                                                                                                                                                                                                                                                                                            




            Gross profit             2,188      108      2,296                                                                                                                                                                                                            1,952      107      2,059                                                                                             12                                      12    
            Research and
               development           -523      23      -500                                                                                                                                                                                                                -498      23      -475                                                                                                5                                       5    
            Sales and marketing     -831      55      -776                                                                                                                                                                                                                 -677      38      -639                                                                                               23                                      21    
            General and
               administration        -209      24      -185                                                                                                                                                                                                                -177      12      -165                                                                                               18                                      12    
            Restructuring                0      0            0                                                                                                                                                                                                                0      0          0                                                                                                0                                       0    
            TomorrowNow
               litigation                7      -7           0                                                                                                                                                                                                                -2                                    2                                     0      <-100                                                                   0    
            Other operating
               income/expense,
               net                     
                                        -1      0     
                                                           
                                                            -1    
                                                                                                                                                                                               
                                                                                                                                                                                                           
                                                                                                                                                                                                               
                                                                                                                                                                                                                  -1      0     
                                                                                                                                                                                                                               
                                                                                                                                                                                                                                      -1     
                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                 0     
                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                         0    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       




Total operating expenses            -2,719      196     -2,523                                                                                                                             46      -2,477     -2,427      165     -2,262                                                                                                                                                        12                                      12                                      10  
Profit Numbers                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
Operating profit                        631      203                                                                                             834                                      -29                                     805      597      182      779                                                                                                                                 6                                       7                                       3  
Other non-operating
   income/expense, net                    -8      0                                                                                                -8                                                                                                                         0                                     0                                     0      N/A       N/A     
              Finance income              24      0                                                                                                24                                                                                                                        29                                     0                                    29      -17      -17    
                     Finance Cost
                         TomorrowNow
                         litigation       -1      1                                                                                                 0                                                                                                                          0                                    0                                     0      N/A                                                                     0    
                     Other finance
                         costs          -39      0                                                                                               -39                                                                                              -43      0      -43                                                                                                                           -9                                      -9    
              Finance costs             -40      1     
                                                                                                                                              
                                                                                                                                                 -39    
                                                                                                                                                                       
                                                                                                                                                                                                        
                                                                                                                                                                                                               
                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                  -43      0      -43     
                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                -7     
                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                        -9    
                                                                                                                                                                                                                                                                                                                                                                                                                                                            




Financial income, net                   -16      1     
                                                                                                                                              
                                                                                                                                                 -15    
                                                                                                                                                                       
                                                                                                                                                                                                        
                                                                                                                                                                                                               
                                                                                                                                                                                                                                                  -14      0      -14     
                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                14     
                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                         7    
                                                                                                                                                                                                                                                                                                                                                                                                                                                            




Profit before tax                       607      204                                                                                             811                                                                                              583      182      765                                                                                                                          4                                       6    
              Income tax
                 TomorrowNow
                 litigation               -2      2                                                                                                 0                                                                                                                          0                                    0                                     0      N/A                                                                     0    
              Other income tax
                 expense                -161      -67                                                                                            -228                                                                                             -180      -57      -237                                                                                                                      -11                                      -4    
       Income tax expense               -163      -65     
                                                                                                                                              
                                                                                                                                                 -228    
                                                                                                                                                                       
                                                                                                                                                                                                        
                                                                                                                                                                                                               
                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                  -180      -57      -237     
                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                -9     
                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                        -4    
                                                                                                                                                                                                                                                                                                                                                                                                                                                            




Profit after tax                        444      139                                                                                              583                                                                                             403      125      528                                                                                                                         10                                      10    
       Profit attributable to non-
          controlling interests            0      0                                                                                                 0                                                                                                                          0                                    0                                     0                                      0                                       0    
       Profit attributable to
          owners of parent              444      139                                                                                             583                                                                                                                        403      125      528                                                                                               10                                      10    
Key Ratios                                                                                                                                                               
Operating margin in %                     18.8                       24.8                       24.5      19.7                   25.6     -0.9pp     -0.8pp      -1.1pp  
Effective tax rate in %                   26.9                       28.1                                 30.9                   31.0     -4.0pp     -2.9pp    
Basic earnings per share, in €*           0.37                       0.49                                 0.34                   0.44          9         11    
  
*    Adjustments in the revenue line items are for support revenue, cloud subscription revenue and other similarly recurring
     revenues that entities acquired by SAP would have recognized had they remained stand-alone entities but that SAP is not
     permitted to recognize as revenue under IFRS as a result of business combination accounting rules. Adjustments in the
     operating expense line items are for acquisition-related charges, share-based compensation expenses, restructuring
     expenses and discontinued activities.
  
                                                                                    F5
**   Constant currency revenue figures are calculated by translating revenue of the current period using the average exchange
     rates from the previous year’s respective period instead of the current period. Constant currency period-over-period
     changes are calculated by comparing the current year’s non-IFRS constant currency numbers with the non-IFRS number
     of the previous year’s respective period.

Differences may exist due to rounding.
  
                                                             F6
REVENUE BY REGION
(Unaudited)

The following table presents our IFRS and non-IFRS revenue by region based on customer location. The table also presents a
reconciliation from our non-IFRS revenue (including our non-IFRS revenue at constant currency) to the respective most
comparable IFRS revenue. Note: Our non-IFRS revenues are not prepared under a comprehensive set of accounting rules or
principles.
  
                                                                                 for the three months ended March 31                                                 
€ millions                                                                                                     2011                         2012
                                                                                                                                             Change in %             
                                                                                     Non-IFRS                                                            Non-IFRS
                                                             Non-      Currency       constant                             Non-                Non-       constant
Software revenue by region             IFRS      Adj.*      IFRS*      impact**      currency**     IFRS       Adj.*      IFRS*      IFRS     IFRS*      currency**  
     EMEA                               279        0       279               -2            277       267       0       267       4       4                        4  
     Americas                           236        0       236               -9            227       245       0       245       -4       -4                     -7  
     APJ                                123        0       123       
                                                                            
                                                                             -4      
                                                                                        
                                                                                           119       103       0       103       19       19       
                                                                                                                                                               
                                                                                                                                                                16  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                       




Software revenue                                               637        0       637                                                                                             -14                                        623       615                                                               0       615       4                                                                                              4                                      1  
Software and software-related
  service revenue by region                                                                                                                                                                                                                                                                                                                                                                                                           
           Germany                      371        0       371                                                                                                                      0         371       331       0       331                                                                                                                                                     12                                     12                                     12  
           Rest of EMEA                 862        1       863                                                                                                                     -7         856       795       5       800                                                                                                                                                      8                                      8                                      7  
     Total EMEA                        1,233       1      1,234                                                                                                                    -6       1,228      1,126       5      1,131                                                                                                                                                   10                                      9                                      9  
           United States                692        6       698                                                                                                                    -29         669       620       9       629                                                                                                                                                     12                                     11                                      6  
           Rest of Americas             255        0       255                                                                                                                     -2         253       222       1       223                                                                                                                                                     15                                     14                                     13  
     Total Americas                     946        6       952                                                                                                                    -30         922       842       11       853                                                                                                                                                    12                                     12                                      8  
           Japan                        144        0       144                                                                                                                    -11         133       124       1       125                                                                                                                                                     16                                     15                                      6  
           Rest of APJ                  297        0       297                                                                                                                    -12         285       236       1       237                                                                                                                                                     26                                     25                                     20  
     Total APJ                          440        0       440                                                                                                                    -22         418       360       1       361                                                                                                                                                     22                                     22                                     16  
Software and software-related
  service revenue                      2,619                                                           7      2,626                                                               -59       2,567      2,327       17      2,344       13       12                                                                                                                                                                                                              10  
Total revenue by region                                                                                                                                                                                                                                                                                                                                                                                                               
            Germany                     517                                                            0       517                                                                  0                                        517       485       0       485       7                                                                                                                                                      7                                      7  
            Rest of EMEA               1,058                                                           1      1,059                                                                -7                                      1,052       997       5      1,002       6                                                                                                                                                     6                                      5  
      Total EMEA                       1,575                                                           1      1,576                                                                -8                                      1,568      1,482       5      1,487       6                                                                                                                                                    6                                      5  
            United States               913                                                            6       919                                                                -38                                        881       819       9       828       11                                                                                                                                                    11                                      6  
            Rest of Americas            333                                                            0       333                                                                 -3                                        330       292       1       293       14                                                                                                                                                    14                                     13  
      Total Americas                   1,246                                                           6      1,252                                                               -41                                      1,211      1,111       11      1,122       12                                                                                                                                                 12                                      8  
            Japan                       165                                                            0       165                                                                -12                                        153       140       1       141       18                                                                                                                                                    17                                      9  
            Rest of APJ                 364                                                            0       364                                                                -15                                        349       291       1       292       25                                                                                                                                                    25                                     20  
      Total APJ                         529                                                            0       529                                                                -27                                        502       431       1       432       23                                                                                                                                                    22                                     16  
Total revenue                          3,350       
                                                                                                    
                                                                                                       7      3,357       
                                                                                                                                                                               
                                                                                                                                                                                  -75      
                                                                                                                                                                                                                        
                                                                                                                                                                                                                           3,282      3,024       17      3,041       11      
                                                                                                                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                                                                                                                                         10       
                                                                                                                                                                                                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                                                                                                                                                                                                 8  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                       




  
*     Adjustments in the revenue line items are for support revenue, cloud subscription revenue and other similarly recurring
      revenues that entities acquired by SAP would have recognized had they remained stand-alone entities but that SAP is not
      permitted to recognize as revenue under IFRS as a result of business combination accounting rules.
**    Constant currency revenue figures are calculated by translating revenue of the current period using the average exchange
      rates from the previous year’s respective period instead of the current period. Constant currency period-over-period
      changes are calculated by comparing the current year’s non-IFRS constant currency numbers with the non-IFRS number
      of the previous year’s respective period.

Differences may exist due to rounding.
For a more detailed description of these adjustments and their limitations as well as our constant currency and free cash flow
figures see Explanations of Non-IFRS Measures online (www.sap.com/corporate-en/investors/reports).
  
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